Alabama Secure Power of Attorney
I. Appointment of Attorney
I, [Your Name], of [Your Address], referred to as the "Principal," hereby appoint [Agent's Name], of [Agent's Address], to act as Attorney-in-Fact on behalf of the Principal. This Power of Attorney shall be effective immediately and shall remain effective even if the Principal becomes incapacitated or mentally incompetent.
II. Scope of Authority
The Agent shall have the authority to manage and conduct all of the Principal's affairs, including but not limited to:
III. Specific Authority
In addition to the general powers granted above, the Agent is specifically authorized to:
Buy, sell, or lease real estate on behalf of the Principal
Manage bank accounts, investments, and other financial assets
Enter into contracts and agreements
Make healthcare decisions, including consent to medical treatment
Access and manage digital assets, including online accounts and passwords
Handle government benefits and entitlements
Take legal action or defend legal actions on behalf of the Principal
IV. Limitations
The Agent is not authorized to:
Gifts and Asset Transfers: Agents cannot make gifts or transfer assets for their benefit, ensuring they act solely in the Principal's interests.
Trust Creation, Amendment, or Revocation: The agent cannot establish, change, or terminate a trust without explicit authorization from the Principal, preserving the Principal's control over their estate planning decision.
Healthcare Decision Constraints: The agent must adhere to the Principal's expressed wishes in a living will or healthcare directive, ensuring medical decisions align with the Principal's predetermined preferences for their care.
V. Duration
The authority given through this Power of Attorney will persist and continue to be valid until such time it is formally rescinded or withdrawn by the individual who issued it, known as the Principal, or until the circumstance arises where the Principal, unfortunately, passes away.
VI. Revocation
Under the stipulated terms, the Principal maintains the explicit right to cancel or revoke this Power of Attorney whenever deemed necessary. Such revocation would potentially happen at any given point in time. The process would involve the Principal providing official written notice to not only the Agent who has been granted the Power of Attorney but also to any other relevant third parties that may be involved or affected in this matter. Ultimately, the choice for revocable rests solely in the Principal's hands, allowing for changes to be made in alignment with shifting circumstances or preferences.
VII. Governing Law
The Power of Attorney, which has been referred to within this document, shall come under the operating jurisdictional authority and shall be understood and construed under the legal statutes, regulations, and laws that are currently active and enforceable within the geographical boundaries of the State of Alabama.
Principal:
[Your Name]
Agent:
[Agent's Name]
WITNESS ACKNOWLEDGMENT
We, [Witness 1 Name], residing at [Witness 1 Address], [Witness 2 Name], residing at [Witness 2 Address] in the Province of [Province/Territory], Canada, hereby acknowledge that [Your Name] has signed and executed this Power of Attorney in my presence on [Date].
[Witness 1 Name]
[Date]
[Witness 2 Name]
[Date]
NOTARY ACKNOWLEDGMENT
On this Date, before me, a Notary Public in and for said County and State, personally appeared [Your Name], known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged that he/she executed the same for the purposes therein contained.
Witness my hand and official seal.
[Notary Public's Name]
My Commission Expires:
Power of Attorney Templates @ Template.net
